Posts tagged as credit

The Estonian Ministry of Economic Affairs and Communications is seeking to abolish strict advertising restrictions on providers of express loans, which were imposed only three years ago when the state decided to harshly organize the express loan market, the daily Postimees writes. At present, an express loan advert is allowed to contain only mandatory information, for example the interest rate, the annual percentage rate of charge, and the company’s contact…

International credit rating agency Fitch Ratings maintains Latvia’s Long-Term Foreign-Currency Issuer Default Rating at ‘A–‘, maintaining stable future outlook. Fitch notes the main factors that maintain Latvia’s credit rating at A– include strong state finances, institutional strengths and credible policy framework secured by membership in the EU and Eurozone. Among Latvia’s flaws, Fitch mentions low income level of the country’s residents, as well as high fluctuation of GDP and external…